I see many strength signs on this chart and think it ready to go north...
if the daily candle closes above the AR im in for a long position,,..
#audusd formed a bullish engulfing last week to provide us a wonderful opportunity ...
it looks like its time to continue the long term trend....
a bullish engulfing from a daily support>>> looks interesting
possible head and shoulders >>>> waiting for a breakout and a retest
i would place a buy order above yesterdays high >>>> buying pressure is taking control
it looks bearish so far with a potential head and shoulders on the daily...
evidence of demand on USD against the jpy>> lets see how is it gonna play
i would move SL to BE at 1:1>>>> best of luck